LARRY JOE HARLESS COMMUNITY CTR FDN INC (EIN 550749741) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

SHARON MURPHY

Phone

3046643227

Tax Period

2023-01-01 to 2023-12-31

LARRY JOE HARLESS COMMUNITY CTR FDN INC, founded in 1996, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 5% surplus.

Mission

THE ORGANIZATION IS A NON-PROFIT WHICH OPERATES A LOCAL COMMUNITY CENTER IN SOUTHERN WEST VIRGINIA FOR THE BENEFIT OF THE GENERAL PUBLIC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $568,896

Program Service Revenue $432,947

Investment Income $69,934

Other Revenue $0

TOTAL REVENUE $1,071,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $353,361

Fundraising Expenses $0

Program Expenses $1,013,093

Other Expenses $659,732

TOTAL EXPENSES $1,013,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,071,777	N/A	N/A
Expenses	$1,013,093	N/A	N/A
Net Income	$58,684	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$49,855

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON MURPHY	PRES/DIR	8.00	Officer Director	$0	$0	$0
RAY MCKINNEY	VICE PRES/DIR	2.00	Officer Director	$0	$0	$0
BRUCE BURGESS	SEC/DIR	2.00	Officer Director	$0	$0	$0
JIM THORNBURG	TREAS/DIR	3.00	Officer Director	$0	$0	$0
ANDY DILLON	DIRECTOR	2.00	Officer Director	$0	$0	$0
DAN MOORE	DIRECTOR	2.00	Officer Director	$0	$0	$0
DR JOHN BRICK	DIRECTOR	2.00	Officer Director	$0	$0	$0
FRED HARLESS	DIRECTOR	2.00	Officer Director	$0	$0	$0
CLAYTON CLINE	DIRECTOR	2.00	Officer Director	$0	$0	$0
PAUL PINSON	DIRECTOR	2.00	Officer Director	$0	$0	$0
CODY HOUCK	DIRECTOR	2.00	Officer Director	$0	$0	$0
JUSTIN BROWN	DIRECTOR	2.00	Officer Director	$0	$0	$0
CHERYL MITCHEM	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$44,490	$0	$44,490
QUINN MILLER	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$5,365	$0	$5,365

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,071,777	$1,013,093	$1,462,220	$58,684
2022	$856,840	$937,229	$1,413,009	$-80,389
2021	$953,584	$850,411	$1,498,509	$103,173
2020	$1,089,101	$896,299	$1,339,496	$192,802
2019	$997,452	$880,883	$1,110,162	$116,569

LARRY JOE HARLESS COMMUNITY CTR FDN INC